Used Sales Dipped in June
CDK systems outage at least partly to blame. Cox foresees recovery this month.
CDK systems outage at least partly to blame. Cox foresees recovery this month.
June results indicate trend may have reached its low, Cox Automotive says.
Cox Automotive forecast pictures conservative yet healthy results despite uncertainties.
May deliveries hit two-year-plus high as volume trims a little off supply.
Prices down as inventory, incentives head in the other direction.
Subdued spring sales due to affordability issues pad inventory, except for the least expensive vehicles.
Waning tax refunds pair with high interest rates to mute demand, Cox Automotive says.
Slight incentives pullback pushes ATP to its highest of the year, but Cox expects them to resume along with inventory.
Cox forecast puts mass adoption on the fast track within a decade.
Credit access varied depending on vehicle, lender type, Cox says.
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